Vitarich receives first Golden Arrow Award for commitment to good corporate governance
September 23, 2024 – Vitarich Corporation (PSE: VITA) has been named for the first time to the Institute of Corporate Director’s (ICD) Golden Arrow Awards for good governance. The award is given in recognition of the company’s performance towards transparency, governance, and accountability to its stakeholders based on the 2023 ASEAN Corporate Governance Scorecard (ACGS) assessment results. The company scored between 80 to 89 points and earned a 1-arrow recognition.
“It is a privilege to be recognized for the work we do to uphold transparency and governance,” said Jose Vicente C. Bengzon III, VITA Chairman. “We believe strong corporate governance is essential for sustainable growth. We are committed to continuously improve our governance standards to meet and exceed stakeholder expectations.”
“Transparency is at the core of our operations,” said Rocco Sarmiento, VITA CEO. “By openly communicating our challenges and successes, we build trust and foster stronger relationships with our investors, partners, and customers.”
The ACGS conforms with the Philippine Code of Corporate Governance and internationally recommended corporate governance practices. It measures the performance of companies in facilitating the rights and the equitable treatment of shareholders, in managing overall stakeholder relations, and in ensuring transparency and accountability through timely disclosure of material information. The ACGS also assesses how the board guides the company strategically, monitors the management, and ensures its accountability to the company and the shareholders.
About Vitarich Corporation
Vitarich Corporation (PSE: VITA) is a leading poultry integrator and manufacturer of animal feeds and food products in the Philippines. Certified to international standards for sanitation, food safety, and quality, VITA operates in three primary industry segments: feeds, foods, and farms—forging livelihood and nourishing lives. For more information, visit vitarich.com or contact ir@vitarich.com.
Forward-looking statements
This disclosure contains forward-looking statements that are, by their nature, subject to risks and uncertainties. Such forward-looking statements are made based on management’s current expectations or beliefs as well as assumptions made by, and information currently available to, management. Because actual results may differ from those contemplated in the forward-looking statements, undue reliance must not be placed upon them.